Coforge Leads Morgan Stanley's Midcap IT Favorites

Coforge has become a top pick in Morgan Stanley's midcap IT recommendations based on its robust deal pipeline and increasing customer base. The brokerage firm is hopeful about Coforge's potential to gain from the changing technology cycle, making it a challenger in the space. The growth of Coforge comes from big deal wins and transitioning towards bigger clients, boosting its long-term growth prospects. Morgan Stanley has an "overweight" view on Coforge, citing its strong deal pipeline and diversified growth across verticals. Even after a recent price target revision to Rs 9,400, Coforge continues to be a favorite bet in the midcap IT segment.

 

Source: Financial Express, CNBC-TV18, Business Today